- Structural building and related infrastructural work of a distribution centre at Dagon Seikkan Township, Myanmar •
- Order book stood at S$403.7 million (as at end of March 2018 plus new orders since)
Singapore, 26 June 2018 – Soilbuild Construction Group Ltd. (“Soilbuild Construction” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that the Group’s wholly subsidiary in Myanmar, Soilbuild Construction (Myanmar) Company Limited, has been awarded a contract worth approximately S$3.8 million, for structural building and related infrastructural work of a distribution centre in Dagon Seikkan Township, Myanmar (the “Project”).
The Project is expected to commence in June 2018 and is to be completed in the first quarter of 2019.
Mr. Ho Toon Bah, Executive Director of Soilbuild Construction said, “We are delighted to be awarded with this construction contract, which demonstrate the confidence clients have in the Group following the successful delivery of our construction services in the earlier contracts since commencement of our business in Myanmar. The Group will keep focusing on its competitive strength and to participate in more tenders in the industrial building sector in the Myanmar market.”
The Project is not expected to have a material impact on the consolidated net tangible assets and earnings per share of the Group for the current financial year ending 31 December 2018.